Like so many invading armies, Russia has a tendency to crush hedge fund pretenders. But not so during the first five months of this year.
Perhaps we should not be too surprised when the Russian RTS index has all but doubled in the space of three months.
Here’s the latest Hedge Weekly “Winners” table from HSBC, where CIS-focused funds take up the top three places on the leaderboard.
Note, also, the name at No 4 — RAB Energy Class F – courtesy of one manager we had all but written off…
